Saudi launches Jeddah Gateway project
The Ministry of Housing has launched the Jeddah Gateway project for citizens who deserve housing support
The Ministry of Housing has launched the Jeddah Gateway project for citizens who deserve housing support.
The project, which is being implemented by Sundus Developers, will feature 30 buildings with eight to 16 floors covering a total space of 192,000m2.
This is the ministry’s second project in Jeddah. Previously it had distributed housing units at Rabigh and King Abdullah Economic City, according to Saudi Gazette.
The project is located east of Haramain Expressway at the beginning of Prince Muhammad Bin Abdulaziz (Tahliya) Road.
Naif Al-Suhaim, general manager of Sundus, said the project would have 3-bedroom and 5-bedroom apartments of 134 square metres and 196 square metres respectively. The apartments will have balconies and other additional facilities.
Al-Suhaim said: “About 40% of the area surrounding the buildings will be full of greenery,” adding that the housing complex would be provided with educational, healthcare and religious facilities.
It will have a hypermarket and a 47,590 square metres commercial centre for shops selling different products, Al-Suhaim said.
He said if there was any delay in the handover of the housing units, a 5% of the payment will given back to the beneficiaries for each year of delay.
Saif Al-Suwailem, spokesman from the Housing Ministry, has said the ministry offers house grants for apartments with a price tag of between $66,000 (SR250,000) and $200,000 (SR700,000).